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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income $ 7,703,086 $ 1,414,615
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,080,439 847,990
Interest from amortization of debt costs 7,721  
Loss on disposal of property and equipment 1,444 45,037
Stock based compensation 394,875 348,735
Provision for doubtful accounts receivable (29,551) (289)
Change in fair value of warrant liability 467,543 52,454
Change in fair value of seller's note 68,955  
Deferred rent (89,363) 35,523
Inventory write-offs 90,268  
Deferred tax expense (5,493,704)
Changes in operating assets and liabilities:    
Trade accounts receivables (1,042,426) (650,753)
Other receivables 160,070 40,597
Inventories (318,645) (916,899)
Prepaid expenses and other assets 151,821 (415,444)
Accounts payable and accrued liabilities 846,511 724,147
Net cash provided by operating activities 4,999,044 1,525,713
Cash flows from investing activities    
Purchase of property and equipment (2,223,126) (1,131,098)
Proceeds from sale of equipment   5,916
Acquisiton of ISP Optics, net of cash acquired (11,777,336)  
Net cash used in investing activities (14,000,462) (1,125,182)
Cash flows from financing activities    
Proceeds from exercise of stock options   6,430
Proceeds from sale of common stock from employee stock purchase plan 19,632 22,903
Settlement for Class E Shares   (582)
Loan costs (72,224)  
Borrowings on loan payable 5,000,000  
Proceeds from issuance of common stock under public equity placement 8,749,496  
Proceeds from exercise of warrants, net of costs 705,679 391,083
Net payments on loan payable   (51,585)
Payments on capital lease obligations (193,940) (131,341)
Net cash provided by financing activities 14,208,643 236,908
Effect of exchange rate on cash and cash equivalents (30,234) 626,665
Change in cash and cash equivalents 5,176,991 1,264,104
Cash and cash equivalents, beginning of period 2,908,024 1,643,920
Cash and cash equivalents, end of period 8,085,015 2,908,024
Supplemental disclosure of cash flow information:    
Interest paid in cash 334,589 37,627
Income taxes paid 680,055 4,296
Supplemental disclosure of non-cash investing & financing activities:    
Purchase of equipment through capital lease arrangements 230,000  
Reclassification of warrant liability upon exercise 694,436 530,531
Derecognition of liability associated with stock option grants 352,765 $ 143,125
Seller note issued to acquire ISP Optics, at fair value $ 6,327,208